through a strategic selection of fintech resources tailored to the institution’s needs. Programs such as the ICBA ThinkTECH accelerator, of which Core10 is a graduate, are fueling a growing interest and investment in fintech solutions specifically designed to fit the needs of community banks. This initiative plays a significant role in ensuring community banks are equipped with the technology they need to succeed in the digital age. MYTH 4: IMPLEMENTING DIGITAL PLATFORMS INCREASES FRAUD Digital platforms don’t inherently expose community banks to a higher risk of security breaches. When community banks partner with fintech providers with the proper security protocols and certifications, they have built-in safeguards to identify and prevent fraud attempts. Rather than viewing digital solutions as a catalyst for heightened fraud, embrace these tools to enhance your security strategy and improve the overall efficiency of the banking experience. MYTH 5: DIGITAL TRANSFORMATION MEANS REPLACING EMPLOYEES WITH TECHNOLOGY Digital transformation doesn’t replace bank employees but elevates them to their full potential. Deloitte found customers continue to prefer human interactions for complex financial products and services. Digital tools automate routine tasks, enabling employees to focus on building stronger customer relationships and driving business growth. At Core10, we’re committed to supporting community banks in their modernization efforts. Our Accrue platform offers a comprehensive omnichannel solution for digital lending and deposit account opening. Our Mesh middleware layer provides a flexible, modern infrastructure to enhance your technology ecosystem. And, with a wealth of experience and expertise accumulated over the years providing API and product development support, Core10 stands as your trusted partner for digital innovation. Digital transformation is not just a buzzword; it is a crucial step that community banks are taking to remain competitive in today’s evolving landscape. Don’t let the common myths above keep your team from growing as you serve your communities! The journey toward digital innovation is non-linear and varies from bank to bank. The key is taking action and establishing strategies to sustain progress. 8 | CURRENCY
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